Ascent Solar formalizes employment agreements with COO and CFO; base salary $225k

Ascent Solar Technologies, Inc.

Bobby Gulati (COO) and Jin Jo (CFO) enter employment agreements effective Apr 17, 2023 through Dec 31, 2025.
Each receives base salary of $225,000/year; one-time bonuses of $25,000 (Gulati) and $45,000 (Jo).
Eligible for annual incentive bonus up to 60% of base salary based on performance targets.
Severance: 6/12ths of base salary if terminated without cause, for good reason, or following change of control.
Post-termination non-compete and non-solicitation covenants for 12 months.

item 1.01 item 5.02 item 9.01

Executive movements

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Appointed

Jin Jo

Chief Financial Officer

ASTI · Ascent Solar Technologies, Inc.

Effective: 2023-04-17
Filed: October 23, 2023, 7:59 PM ET

in Jo as the Company’s new Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jin Jo was appointed as Chief Financial Officer at Ascent Solar Technologies, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

in Jo as the Company’s new Chief Financial Officer.

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Ascent Solar Technologies, Inc. filing history →

Source: SEC EDGAR

accession 0001079973-23-001471

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